Market Closing
The profit booking from higher level pulled the Nifty down by nearly half percent (45 points) to close at 10768. 
However, BankNifty shed more than 2% on account of selling in heavyweights like ICICI Bank, HDFC Bank, Axis Bank and SBI.
Market heavyweights like Reliance Industries and Hindustan Unilever ensured that the Nifty 50 index doesn’t fall much.
Both stocks were the top two gainers on the benchmark index, ending 3% and 2.2% higher respectively. Broader markets remained subdued. The midcap index ended 0.7% lower while the small-cap index was little changed.
Market breadth remained in favour of the bears as 1,194 stocks on the NSE ended with losses, while 619 managed to end with gains. Auto, Metal and Banking stocks witnessed profit booking.
On the other hand, select Pharma  stocks witnessed buying interest.
Among the global markets, US market slipped over 1% yesterday and Asian markets slipped 1-2% on worries economic recoveries might fade a coronavirus cases increase in the United States and some other countries.
Among the Banking stocks, ICICI Bank slipped around 3% to close at Rs360.
Axis Bank declined 3% to close at Rs440. SBI, IndusInd Bank, RBL Bank, HDFC Bank and Kotak Bank declined 1-4% on account of profit booking.
SBI hold a board meeting on July 15, to consider raising funds.
NBFC stocks like M&M Finance, L&T Finance, HDFC, Shriram Transport Finance, LIC Housing declined between 2-4% on account of profit booking.
TCS gained 1% to close at Rs2222. Company reported lower than expected Q1 results but positive commentary stated by the company.
Reliance surged 3% to closed at Rs1878 amid 2.1cr shares traded on NSE. BP and Reliance Industries completed a new Indian fuels and mobility joint venture.
BP paid Reliance $1bn for a 49% stake in the JV, with the Indian company holding the remaining 51%. Pharma stocks like Biocon, Cipla, Dr Reddy and Divis Labs gained marginally.
FMCG stocks like Hindustan Unilever, Britannia, Dabur India and Colgate witnessed fresh buying.